The UK’s Department for Environment, Food & Rural Affairs (Defra) has announced that it has committed to “exploring alternative arrangements for UK REACH transitional registrations … in order to support chemical businesses whilst upholding the highest standards to safeguard public health and the environment”.
Through its own venture capital fund of Solvay Ventures, Solvay has made an unspecified investment in US-based DMC (Dynamic Metabolic Control) Biotechnologies. The $34-million Series B funding round also included Cibus Enterprise, Capricorn Partners, Sofinnova Partners, Breakthrough Energy Ventures, SCG, Boulder Ventures and Michelin.
Council Regulation (EU) 2021/2085 of 19 November 2021 has established the Circular Bio-based Europe Joint Undertaking (CBE JU). This is a €2 billion partnership between the European Union and the Bio-based Industries Consortium (BIC) that funds projects advancing competitive circular bio-based industries in Europe.
CDMO CordenPharma is planning to invest heavily in all its platforms in terms of both capacities and capabilities, according to Dr Stephen Houldsworth, global head of platform management and marketing, who spoke with SCM at CPhI Worldwide in Milan.
BASF is bundling its activities in renewable energies under the umbrella of BASF Renewable Energy from the start of 2022. Led by Horatio Evers, this subsidiary will focus on supplying European sites with electricity from renewable energies, electricity trading and global consulting.
CDMO Sterling Pharma Solutions has announced what it called the next phase of a multi-year investment strategy at its site in Dudley, UK. It will spend £10 million by mid-2022 on new process development laboratories and commercial-scale manufacturing equipment to meet growth in demand for small molecule API manufacturing.
Indorama Ventures (IVL) has become the first company in Thailand to publish a report lined to the UN’s Sustainable Development Goals (SDGs). This came shortly after the firm launched a THB 10 billion (€260 million) sustainability-linked bond (SLB).
